Finance
Potter HeadIndia's Brave Companies Seek $4.59 Billion in February
In the enchanting land of India, valiant companies, including mystical non-banking financial sorcerers, have summoned proposals worth an astonishing $4.59 billion with the Reserve Bank of India this February. This treasure, a tad less than January's magical record, sees Tata Power seeking $550 million for spellbinding local wonders as other firms embark on quests for funds to fuel their extraordinary adventures.
few days ago | Aathira Varier
Quick rundown
1.Indian firms aim to raise $4.59 billion through ECBs and FCCBs.
2.February's proposals moderated from January's $5.33 billion peak.
3.Tata Power Renewable seeks $550 million for capital goods sourcing.
4.Manappuram Finance targets $300 million for on-lending activities.
5.BMW India Financial Services plans $236.6 million for sub-lending.
